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ing, to receive such paper in payment of debts and on deposite; and intimations clearly given that all regularly authorized banks, which refuse to accede to said propositions must be prepared to redeem their circulation daily.

Your committee are therefore of the opinion that if some action is not taken on the subject by this legislature, that no legally authorized banking institution can do business in this State, not only on account of the direct hostility of those engaged in the issue of a shin plaster currency, but also because such a currency is much cheaper than the currency proposed to be created under our general banking law. The currency now in use in this State, especially in the Eastern, Northern and Central portions of it, is of the worst possible character, mostly unauthorized issues from other States, in some cases purporting to be redeemable only in other bank bills, at distant points, and really the whole of it without any security whatever to the bill holders. Those issuing it are subject to no expense except in procuring their notes to be engraved and are entirely exempt from taxation by our authorities, while the duties, obligations and restrictions imposed by our general bank law, for the security of the bill holder and the support of government, will prove an onerous burthen upon those doing business under its provisions if other individuals or institutions, not subject to those provisions, are allowed to compete with them for the business of the State.

As gold and silver are expelled from the channels and circulation by the introduction of paper, so in like manner will a cheaper paper currency expel one of greater value, if allowed to circulate freely in the same community, and if we permit unauthorized bank paper

to be used in this State and be received by our banks, it will in a short time absorb all the channels and circulation to the exclusion, not only of gold and silver, but also of the bank paper authorized by our law.

We shall thus he deprived not only of a sound, safe and secure

circulation, but the State will be deprived of a large revenue which it would otherwise receive in taxes from the banks.

Your Committee are therefore of opinion that the only safe and effectual way of purging the State of illegal banks, and the spurious currency with which we are now flooded, is to entirely prohibit its circulation by adequate and severe penalties. Such a law, in order to be just, must be general, and apply not only to banks, and individual bankers, but to the whole community.

Your committee, therefore, ask leave to introduce the accompanying bill, and recommend its passage.

Respectfully submitted,

JOHN W. CARY. And the following resolution introduced yesterday, was taken up.

Resolved,—That the Chief Clerk of the Senate be authorized to procure 500 copies of the Township map of Wisconsin, by J. W. Hunt, for the use of the Senate, at a cost not exceeding 25 cts. per copy. .

And the question being upon the passage thereof,

Mr. Prentice moved to amend by striking out 500 and insert 100; also, after the word “copy,” insert the words “ to be paid out of the per diem of Senators."

The question being upon the adoption of the amendment,
It was decided in the negative;
And the ayes and noes having been called for,
Those who voted in the affirmative were :
Messrs. Prentiss, Stewart and Sterling.-3.
Those who voted in the negative were :

Messrs. Alban, Allen, Bashford, Blair, Bovee, Bowen, Briggs, Cary, Hunter, Lewis, McLane, Miller, Reed, Sharpstein, Smith, Squires, Vittum, Wakeley, Whittlesey and Wiel—20.

The question remaining upon the adoption of the resolution,
It was decided in the negative,
Those who voted in the affirmative were:

Messrs. Alban, Allen, Bovee, Bowen, IIunter, McLane, Miller and Reed.--8.

Those who voted in the negative were,

Messrs. Bashford, Blair, Briggs, Cary, Lewis, Prentice, Sharpstein, Smith, Squires, Stewart, Sterling, Vittum, Wakeley, Whittlesey and Wiel.-15

Mr. Hunter, from the committee on Internal Improvements, reported back to the Senate,

No. 17(A), A bill to amend an act entitled “ an act to incorporate the Neenah and Manitowoc Plank Road Company,"

With an amendment.

Mr. Sharpstein, from the committee on Incorporations, reported back to the Senate,

No. 35 (S), a bill to incorporate the Plymouth and Charleston Plank Road Company,

Without amendment and recommended its passage.

Mr. Stewart, from the committee on Engrossed Bills, made the following report:

The committee on Engrossed Bills report as correctly engrossed:

No. 1 (S), Memorial to the Post Office Department, in relation to the increase of service on Mail Route 4,575.

No. 18 (S), a bill to authorize the Secretary of State to audit certain accounts, and to provide for the payment thereof; and,

No. 41 (S), a bill to appropriate money to pay the mileage of the members of the Legislature.

STEWART, CHAIRMAN. Mr. Hunter, on leave granted, introduced the following resolution:

Resolved,—That the Chief Clerk be authorized to procure 100 copies of the Township Map of Wisconsin, by J. W. Hunt, for the use of the Senate, at a cost not exceeding 25 cts. per copy.

The following communication from the Speaker of the Assembly, was then read:

Resolved,—That the use of the Legislative Hall be given on Tues

day evening next, at 7 o'clock, in order that Hon. Wm. R. Smith may read before the Legislature, certain portions of the contemplated history of Wisconsin; and that the honorable the Senate be respectfully invited to attend at that time. Passed Assembly, January 24,1853.

THOMAS MCHUGII,

Chief Clerk Assembly. Hox. TIMOTIIY BURNS,

Lieutenant Governor. SIR: Above I have the honor to transmit to you the copy of a resolution adopted yesterday by the Assembly.

II. L. PALMER,

Speaker of Assembly. A message from the Assembly by their Chief Clerk: Mr. PRESIDENT: The Assembly has passed

No. 40 (A), A bill to change the time for assessing and collecting taxes in the counties of Marathon and Portage,

No. 53 (A) A bill appropriating to Mary Healy the sum therein named.

No. 54 (A) A bill to organize the county of Warpacca for judicial purposes.

No. 55 (A.) A bill to organize the county of Shawanan; and

No. 2 A., Joint Resolution concerning the Menomonee tribe of Indians.

In which the concurrence of the Senate is requested.

I am also directed to inform you that the Assembly has rejected the joint resolution of the Senate, authorizing the publication in pamphlet form of the general banking law.

Said bills Nos. 40, 53, 54, and 55 A., and said Joint Resolution, No. 2 A., were severally read the first and second times.

M. No. 1 S., A memorial to the Post Office Department in relation to the increase of service on mail ronte No. 4575,

Was read the third time, passed, and the title thereof agreed to.

No. 2 A., A bill to amend “An act to incorporate the Sheboygan and Mississippi Railroad Company,” approved March 8th, 1852.

Was read the third time, passed, and the title thereof agreed to.

No. 12 A., A bill to amend section 16 of an act to incorporate the Port Washington and Newburg plank and turnpike company, approved April 19, 1852.

Was read the third time, passed, and the title thereof agreed to.

No. 18 (S), A bill to authorise the Secretary of State to audit certain accounts and to provide for the payment thereof,

Was read the third time,
And the question, “Shall this bill pass ?"
Having been put,
It was decided in the affirmative,
And the ayes and noes being required,
Those who voted in the affirmative, were

Messrs. Alban, Allen, Bashford, Blair, Bovee, Bowen, Briggs, Cary, Hunter, Lewis, McLane, Miller, Prentice, Reed, Sharpstein, Smith, Squires, Sterling, Vittum, Wakeley, Whittlesey, and Weil. —22.

Mr. Stewart voted in the negative.
The title of said bill was then agreed to.

No. 41 S., A bill to appropriate money to pay the mileage of the members of the Legislature,

Was read the third time,
And the question, “Shall this bill pass ?
Having been put,
It was decided in the affirmative,
And the ayes and noes being required,
Those who voted in the affirmative were,

Messrs. Alban, Allen, Bashford, Blair, Bovee, Bowen, Briggs, Cary, Hunter, Lewis, McLane, Miller, Prentice, Reed, Sharpstein,

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